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单词 building and loan association
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building and loan association


building and loan association

n (Banking & Finance) a US name for building society

building and loan association


building and loan association:

see savings and loan associationsavings and loan association
(S&L), type of financial institution that was originally created to accept savings from private investors and to provide home mortgage services for the public.

The first U.S. S&L was founded in 1831.
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Building and Loan Association


Related to Building and Loan Association: Savings and loan associations

Building and Loan Association

An organization that exists to accumulate a fund, composed of subscriptions and savings of its members, to help facilitate the purchase or construction of real estate by such members by lending them the necessary funds.

Cross-references

Savings and Loan Association.

FinancialSeesavings and loan association
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更新时间:2024/12/23 21:56:34